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Fiscal deficit will be contained at 4.8 % of GDP: Chidambaram

New Delhi, Jan 16 (ANI): India's fiscal deficit will be contained at 4.8 percent of the Gross Domestic Product (GDP) in the current fiscal year ending March, said finance minister, P Chidambaram, hinting at possible cuts in government spending. The finance minister expressed his "unflinching commitment" to contain the fiscal deficit, at a time when the deficit in the first eight months of the fiscal year has touched 93.9 percent of the full-year target. Meanwhile, the minister attributed the decline in growth to global factors and said he was confident that Indian economy would soon recover and show high growth in next three years. Jan 16, 2014
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BSE closes points 240.50 up on Jan 15

New Delhi, Jan 15 (ANI): Trading at the Bombay Stock Exchange today closed 240.50 points up to stand at 21,273.45. At the National Stock Exchange the Nifty closed 79.05 points up to stand at 6320.90.Max India and Future Retail were among the top gainers of Group A with an increase of 8.65% and 6.33% along with Unitech and Bank of India with an increase of 5.22% and 4.09% respectively, while the top losers of Group A include Prestige Estates and Nestle India with a decrease of 3.45% and 2.49% along with Mcleod Russel and Amara Raja with a decrease of 2.49% and 2.45% at the close of the markets. The Auto sector is up 153.91 points at 12,133.76 while the banking sector is up 185.70 points at 12,692.97 and the realty sector is up 17.90 points at 1,356.30.The Indian currency is down 0.15% at Rs 61.62 per dollar. Jan 15, 2014

BSE closes points 101.33 down on Jan 14

New Delhi, Jan 14 (ANI): Trading at the Bombay Stock Exchange today closed 101.33 points down to stand at 21,032.88. At the National Stock Exchange the Nifty closed 30.90 points down to stand at 6,241.85. Cummins India and CESC were among the top gainers of Group A with an increase of 4.03% and 3.66% along with Adani Enterprises Ltd. and Mcleod Russel with an increase of 3.48% and 3.01% respectively, while the top losers of Group A include Dish TV India and Zee Entertainment Enterprises Ltd. with a decrease of 4.72% and 3.81% along with MCX and Mphasis with a decrease of 3.45% and 3.03% at the close of the markets. The Auto sector is down 40.06 points at 11,997.16 while the banking sector is down 82.78 points at 12,520.32 and the realty sector is down 17.84 points at 1,339.61. The Indian currency is down 0.02% at Rs 61.51 per dollar. Jan 14, 2014
Hyundai Verna

Hyundai Verna Set for Makeover to Rival 2014 Honda City: Report

Honda is reportedly receiving an overwhelming response for its latest City sedan in India. Its grand debut in the sub-continent has elevated Honda's sucess in the sedan segment and the company is now believed to have found a strong opponent from Hyundai. Jan 14, 2014

BSE closes points 409.07 up on Jan 13

New Delhi, Jan 13 (ANI): Trading at the Bombay Stock Exchange today closed 409.07 points up to stand at 21,167.56. At the National Stock Exchange the Nifty closed 101.30 points up to stand at 6,272.75.Apollo Tyres and Financial Technologies (India) Ltd. were among the top gainers of Group A with an increase of 5.19% and 4.98% along with Bharat Forge and TCS with an increase of 4.28% and 4.26% respectively, while the top losers of Group A include Exide Industries and Ranbaxy Lab with a decrease of 6.02% and 5.55% along with JP Power and Unitech with a decrease of 3.34% and 2.82% at the close of the markets. The Auto sector is up 74.81points at 12,031.12 while the banking sector is up 306.24 points at 12,645.04 and the realty sector is up 11.87 points at 1,360.13.The Indian currency is up 0.65% at Rs 61.50 per dollar. Jan 13, 2014

BMW i8 Set to Make India Debut at 2014 Auto Expo

German luxury car maker BMW seemed to have been making some aggressive plans for India. The company is now all geared to introduce its petrol-electric hybrid i8 at the upcoming Auto Expo 2014. Jan 10, 2014
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BSE closes points 37.58 up on Jan 10

New Delhi, Jan 10 (ANI): Trading at the Bombay Stock Exchange today closed 37.58 points up to stand at 20,750.95. At the National Stock Exchange the Nifty closed 3.10 points up to stand at 6,173.10. Muthoot Finance Ltd. and Godrej Industries Ltd. were among the top gainers of Group A with an increase of 6.82% and 3.80% along with United Spirits and Tech Mahindra with an increase of 3.16% and 2.89% respectively, while the top losers of Group A include MCX and Financial Tech with a decrease of 9.80% and 4.99% along with Federal Bank and Motherson Sumi with a decrease of 4.83% and 4.59% at the close of the markets. The Auto sector is down 142.32 points at 11,939.01 while the banking sector is down 198.21 points at 12,333.92 and the realty sector is down 21.62 points at 1,347.84. The Indian currency is up 0.23% at Rs 61.93 per dollar. Jan 10, 2014
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BSE closes points 4.47 down on Jan 9

New Delhi, Jan 9 (ANI): Trading at the Bombay Stock Exchange today closed 4.47 points down to stand at 20,724.91. At the National Stock Exchange the Nifty closed 6.25 points down to stand at 6,168.35. Muthoot Finance Ltd. and Financial Technologies were among the top gainers of Group A with an increase of 19.98% and 10.00% along with Motherson Sumi Systems Ltd. and Cadila Healthcare Ltd. with an increase of 5.20% and 5.11% respectively, while the top losers of Group A include Prestige Estates and HDIL with a decrease of 5.40% and 5.35% along with Future Retail and Jaiprakash Associates Ltd. with a decrease of 4.68% and 4.22% at the close of the markets. The Auto sector is down 84.81 points at 12,065.58 while the banking sector is down 75.56 points at 12,550.31 and the realty sector is down 33.49 points at 1,368.37. The Indian currency is up 0.11% at Rs 62.00 per dollar. Jan 9, 2014
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